California Financial Code Section 14451

CA Fin Code § 14451 (2017)  

Directors may be elected for a term of three years or less. If directors are elected for terms in excess of one year their terms of office shall be staggered so that insofar as possible an equal number of such terms shall expire each year.

(Repealed and added by Stats. 1979, Ch. 112.)

Last modified: October 25, 2018